Hugh F. Kelly, Ph.D., CRE, Honored with 2019 Landauer/White Award From The Counselors of Real Estate

Chicago, IL, November 15, 2019 – The Counselors of Real Estate®, the global professional association for prominent commercial real estate advisors, has honored Hugh F. Kelly, Ph.D., CRE, with its prestigious 2019 James D. Landauer/John R. White Award. Dr. Kelly was recognized November 8 at the organization’s annual conference in Nashville, Tennessee.

Kelly is the special advisor and curriculum chair of Fordham University’s Real Estate Institute.  He also leads his own consulting practice, Hugh F. Kelly Real Estate Economics. For many years he served as chief economist for Landauer Associates, one of the nation’s most prominent commercial property consulting firms. His portfolio of work includes the economic study that led to the East Brooklyn Congregation’s “Nehemiah Program”, which has built nearly 5,000 homes in impoverished neighborhoods of Brooklyn and Queens in New York City; the site selection study for General Motors’ Saturn automobile plant which ultimately located in Spring Hill, Tennessee; and the “Cities of Tomorrow” study which enabled Lend Lease Australia to purchase the $4 billion investment portfolio of Equitable Real Estate Investors. He studied the economic impact of the September 11 terrorist attack on the firms in and around the World Trade Center and provided expert testimony in both the insurance litigation and development arbitration disputes. He was also a researcher and a principal author of New York City’s Downtown 2020 report issued in 2009.

Kelly served as chair of The Counselors of Real Estate in 2014. He has published more than 300 articles in industry and academic journals and his book, “24-Hour Cities: Real Investment Performance, Not Just Promises” (Routledge, 2016), received the Bruss “Gold Award” from the National Association of Real Estate Editors in 2017. He is also the primary author of the annual Emerging Trends in Real Estate, published by the Urban Land Institute and PwC.

The Landauer/White Award was established in 1986 and is presented to an individual who has furthered the ideals of The Counselors of Real Estate and demonstrated both outstanding professionalism in real estate and a notable influence civically. The award was created as a memorial to honor James Landauer, CRE, for his instrumental role in establishing The Counselors of Real Estate. In 1997, the award was renamed the James D. Landauer/John R. White Award to honor another high-profile professional, John Robert White, CRE, who served as long-time chairman of the Landauer Company as well as president of The Counselors of Real Estate in 1969.

“I had the privilege of knowing both Jim Landauer and John White, which makes this recognition that much more meaningful to me,” said Kelly.  “It is truly an honor to be associated with them as well as with prior recipients of the award.”

About The Counselors of Real Estate

The Counselors of Real Estate® is an international organization of commercial property professionals from leading real estate, financial, law, valuation, and business advisory firms, as well as real property experts in academia and government. Membership is selective and extended by invitation, although commercial real estate practitioners with 10 years of proven experience may apply.

Counselors have created and endowed the MIT Center for Real Estate, resolved the dispute between the developer of the World Trade Center and its insurers post September 11, led the privatization of U.S. Army Housing, developed a multi-billion-dollar, 10-year master plan for Philadelphia Public Schools, and valued both the Grand Canyon and Yale University. Counselors reside in 20 countries and U. S. territories, with only 1,000 professionals holding the CRE credential worldwide. For more information on The Counselors of Real Estate® and how to apply for membership, visit